US Solar Market Sets Another Growth Record!

March 12, 2014 at 8:00 AM

user_avatar

Deep Chakraborty

Co-founder and CEO at ENACT SYSTEMS INC

The massive growth story for solar continues. The Solar Energy Industries Association just published the market results for Q4 2013, that suggests another record-shattering year. Solar PV installations increased 41 percent over 2012 to reach 4,751 megawatts – this was 15 times the market in 2008! The residential market was 792MW, almost twice the level in 2012 and 10 times the market in 2008. So the market is just beginning to take off.

Solar was the second-largest source of new electricity generating capacity in the U.S., exceeded only by natural gas. That’s right, 29% of all new generating capacity in the US was solar in comparison to coal at 7% and wind at 8%. The U.S. installed 2,106 megawatts in the fourth quarter alone, 44 percent of the annual total. This makes Q4 2013 by far the largest quarter in the history of the U.S. market, surpassing the second-largest quarter by 60 percent. In fact, more solar has been installed in the U.S. in the last eighteen months than in the last 30 years prior.

California continues to lead the U.S. market, accounting for more than half of all U.S. solar installed in 2013. In fact, the state installed more solar last year than the entire United States did in 2011. And prices continued to fall, another 15% drop in 2013 vs. 2012.  

So what does this mean going forward? First, solar is going mainstream. For a long time, analysts and politicians have debated on the future of this renewable energy product, but these are over. Consumers are making their verdict clear: they seek energy cost savings and a sustainable planet.  

Second, electric utilities will need to move quickly in how they adapt to the changing grid footprint. The California utilities are already setting an example through various initiatives. With more electric cars getting onto the grid, which in turn breeds even more solar usage, the entire distributed-grid movement will require all national utilities to take on a more pro-active role in helping consumers and businesses save money, while making the planet more sustainable.

enact_logo.png


This blog was orginally published in full on enACT blog



Tags: Solar, enAct
Category: Fremont

We invite you to share your comments. Please check out our social media comment policy.


(Your email will not be publicly displayed.)




Captcha Code

Click the image to see another captcha.

About

Welcome to our blog – Takes from Silicon Valley East!  Our view is slightly different here on the east side of the bay – from the Mission Peak backdrop to the advanced manufacturing companies that dot our boulevards. As we become more urban and strive to interpret the business issues affecting our innovation economy, we want to share with you our observations, insights, photos, arguments, agreements, inspirations and CEO interviews – and here on our blog is exactly where we plan to do this.

Tag Cloud

Real EstateSanta ClaraTeslaLegislative EventFremont MarriottSolarOpportunityCalChargeSan FranciscoUrbanIncentivesAuto MallInnovation ScorecardThink Silicon ValleyDeVry UniversityAutoPublic Private PartnershipsWattz OnTom SteyerHappy HolidaysSan Francisco Business TimesFremont, Manufacturing, onshoringState of the ValleyCNMISteve TuttApplied SpectraExpansionBusiness AppreciationFood TrucksInnovation AwardsPatentsMartha AmramVentureAnu NatarajanCharging StationsNerdwalletEast Bay EDAKaren Burnssmall business, development, permitsNew YearCECP5CEOUSPTOBARTOur FavoriteFred DiazTimur Tecimer DBL Investorsthe GOOD City Index EricaGiesOfficeBoehringer Ingelheim Joint Venture Silicon ValleyentrepreneursEVBill BrowneAaron GoldsmithSatellite OfficeCareerBlissAlameda CountyHeitmanEast Bay Biomedical Manufacturing NetworkThailand PrincessFremont ResidentPlanet MagpieWashington WestMark SchmidtMad MenHightechBusinessApartmentsArchitectureOorjaVerge ConferenceSoraa James C. Davis RankingKen LeeBay AreaInnovationOverton Moore PropertiesThe TeamRoyal HighnessStanfordGOODThe Crossings at 880RestaurantsCity Government CommunicationsNUMMIKelly KlineClimate Action PlanICSC AllianceFremontLou HoffmanUrban VisionCivic CenterWells FargoRetailTrade MissionClean Tech OpenParagon ApartmentsSuper BowlQuicken LoansDeveloperAlter-GMFG DayRetention24/7 Wall StreetSouth FremontClean TechIncubationPrologisHigher Ed, Warm Springs, Education, Ardenwood, Devry, NPU, Ohlone, University, CollegeLauren HelperKim MarshallBioMed NetworkClimateWhole FoodsOn The RiseWarm SpringsOhlone CollegeTransportationSmart CityMens WearhouseRachel DiFrancoreshoringBrookingsDelta ProductsStartupsLife SciencesOverton MooreElevator PitchAsia SocietyFUSEManufacturingUrban LivingNancy PfundInnovation DistrictCaliforniaSan Francisco 49erDetroitSpicely OrganicsJennifer ChenJeff SchwobHappinessGrowthBiomedicalVergeBill HarrisoneventsdB ControlBusiness FriendlyJob SeekerNo. 10SeagateBicycling ULIdowntownCommunityNISTModel-X TrademarkState of the CityCommunity PlanChristina BriggsSensiba San FilippoPacific Commons, VestarJohn CabecaSan Jose State Bryan JonesJessica von BorckLeydenPacific CommonsBlissScorePlanningTop Silicon Valley CityFDICChevron Energy Solutions Patrick DempseyCoworking SpaceMen's WearhouseEconomic DevelopmentIndiaGreenBiz.ComMade in The Bay AreaBlack FridayGary SchlossbergManfacturingStrategically UrbanBatteriesLeasingIMCPHoffman AgencyEnergyICSCBest Run CitysustainabilityNadine NaderThermoFisherFremont Chamber of CommerceHappiest Mid-Size Cities 2013Mark Danaj10th Happiest CityTransitInvestment ProfileHousingFootballKid RockOpen City Hall, Innovation, FremontOnshoringCleantechenActIndustrialFuture Is BrightStart upsStreet EatsSoamsawali MahidolFremont Street EatsJennifer Duarte PoshmarkBioIntSolyndraBlogsJeff AndersonManexNumber 1LennarWarm Springs/South Fremont BART Station Work Space FremontSilicon Valley